Tag Archives: macquerie

Macquarie Questions Canadian Solar (CSIQ) Credibility; Downgrades & Slashes Price Target

Macquerie is clearly frustrated with Canadian Solar (CSIQ) and has cut its rating from Outperform to Neutral following the company’s guidance last night in which they indicated a forex hit and a bit of a margin contraction.  Maquerie says this 2nd negative revision in two quarters has “weakened its standing with investors” and “two strikes is enough.”  They have slashed their 1Q EPS estimate from .53 to .03 and the price  target from $35 to … Read the rest